Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.018%

Price spread now: Binance against Nado−0.065%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.228%−$23 · spread now −0.065%, 7d avg +0.031%

Together, before fees−0.256%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.096% cheaper against Nado than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.031%). If the spread goes back, that is −$10 on $10k: about 23 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	145.24	0.0065	pay 0.0008% / 1h	48m 02s	$806K	$445K	10x
Short	Binance AAVEUSDT	145.14	0.0079	get 0.0079% / 8h	2h 48m	$66.0M	$181.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee BinancebpOrdersPrice spread, now −0.065%Rate

Funding earned: $2.95
Price spread: −0.065% → +0.031%: −$9.63
Slippage, 4 orders: −$14.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.09
Costs to cover: 0.314%
Break-even: 97.2 days

Slippage from Nado: live order book, 40 min ago; Binance: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 40 min ago	2.37 bp	8.8 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.34 bp	7.6 bp −$8	14.1 bp −$141	41.5 bp −$4,155	148.5 bp −$74.2K

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.0369%	1h	145.25	+0.010%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0158%	1h	145.25	+0.010%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.22	−0.010%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	−0.086%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.30	+0.046%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.28	+0.031%	$74K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.32	+0.059%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.43	+0.135%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0019%	1h	145.02	−0.148%	$135K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.698%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.24	+0.004%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.13	−0.072%	$17.7M	$65.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	145.24	+0.003%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0064%	8h	145.25	+0.010%	$7.8M	$15.6M	75x	as long as short
Nado AAVE-PERPlong	+0.0065%	1h	145.24	long leg	$806K	$445K	10x
MEXC AAVE_USDT	+0.0079%	8h	145.22	−0.010%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDTshort	+0.0079%	8h	145.14	−0.065%	$66.0M	$181.8M	75x
Lighter AAVE	+0.0096%	1h	145.43	+0.134%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.30	+0.044%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.33	+0.067%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.37	+0.095%	$81.2M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.32	+0.062%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	+0.087%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.18	−0.038%	$61.9M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.29	+0.038%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.067%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.24	+0.003%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.16	−0.052%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.24	+0.003%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.33	+0.065%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.98	−0.179%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.27	+0.023%	$100K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.95	−0.198%	$459K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.30	+0.045%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.18	−0.035%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.45	+0.151%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.24	+0.003%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.11	−0.086%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.29	+0.038%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0200%	8h	145.11	−0.086%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.141%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.32	+0.057%	$125K	—	100x	as long as short